The belt on my previous Clearaudio Innovation is about $100, but I just replaced it every year. I upgraded to a Master Innovation a year ago. Same belt, but it came with two so I am off the hook for the next year.
I suppose I could get by waiting longer, but I play my turntable on average 2-4 hrs every day (more in winter, less in summer), so I figure changing it every 1000 hrs or so of use isn't a bad thing to do.